BitClave and Bancor announce partnership

BitClave
partners with Bancor to use smart tokens across the BitClave Active
Search Ecosystem (BASE). BitClave has joined the Bancor network and will
become a member of its protocol family. The Consumer Activity Token
(CAT) will be using ERC-20 token standard, compatible with all exchanges
and become tradeable with the rest of the coins on the Bancor Network.

BitClave
is a startup company using blockchain to eliminate ad service middleman
and create a direct connection between businesses and customers.
BitClave is building a decentralized search engine that helps its users
truly find what they are looking for and get compensated every time they
search privately for products and services from their favorite brands,
making third-party advertising networks unnecessary and annoying ads a
thing of the past.

On
the BitClave Active Search Ecosystem, customers exercise full control
over their identity, deciding who has access to their data while earning
CATs each time businesses use their data to make them offers. Through
this platform, businesses can serve personalized, relevant offers
directly to users who have already expressed interest in their products
and services, significantly increasing their return on advertising
spending. The initial vision for the BASE and CAT is based on Ethereum
technology — an open source, blockchain-based, distributed computing
platform which utilizes smart contracts.

Bancor
enables the easy creation of smart tokens, which allow for newly
embedded functionality into cryptocurrencies. With the ability to hold
other tokens in reserve and to be traded directly with their own smart
contracts, as opposed to any counter-party, smart tokens can instantly
be exchanged for tokens of all types on the network, enhancing liquidity
and facilitating usage-driven and algorithmic price discovery.

“We
are very proud to announce this cooperation with Bancor and become a
part of its ecosystem. We believe that will contribute to the future
evolution of our BASE platform, benefiting businesses and consumers,”
said BitClave’s founder Alex Bessonov, the former chief security officer
of LG Electronics.